# Liaoning Bora Group and LyondellBasell sign $12B joint venture agreement

Liaoning Bora Group and LyondellBasell signed a joint venture agreement to form a 50:50 company, Bora LyondellBasell Petrochemical Co., Ltd., in Panjin, Liaoning. The project involves a total investment of $12 billion over 10 years, including 800,000 t/y polyethylene, 600,000 t/y polypropylene, and 350,000 t/y styrene units.

- Type: Partnership
- Announced: 2020-03-16
- Where: Panjin, Liaoning, China
- Value: $120.0B
- Status: announced
- Capacity: 800,000 t/y polyethylene, 600,000 t/y polypropylene, 350,000 t/y styrene
- Products: polyethylene, polypropylene, styrene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (partner)
- [Liaoning Bora Group](https://endata.com/companies/45933.md) (partner)

## Sources

- [wap.sinolub.com](https://wap.sinolub.com/138984.html), 2020-03-16: "近日，东北最大民营石化企业——辽宁宝来企业集团有限公司与世界500強企业利安德巴赛尔工业公司举行合资合作协议网络视频签约仪式。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.